Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q4 FY2022 Earnings Presentation
36 slides from Pnc Infratech's earnings presentation, May 30, 2022
Slide 1: Exchange filing cover letter
PNC | | 4t- PNC lnfratech Limited An ISO 9001 :2015 Certified Company Ref No: PNC/SE/l9 /22-23 Date:30-05-2022 To, To, The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, BandraKurla C
Slide 2: Result Update Presentation Q4 & FY22
Driving Value Through Passion n Commitment PNC INFRATECH LIMITED Result Update Presentation Q4 & FY22 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 4: Key Highlights & Financials
Key Highlights & Financials PNC infratech
Slide 5: Key Highlights for Q4 FY22
Key Highlights for Q4 FY22 12% Maintained 13% Revenue^ EBITDA* PAT* EBITDA* of Rs. 232 crore in PAT* of Rs. 146 crore in Q4 Q4 FY22 compared to Rs. 232 FY22 compared to Rs. 129 Revenue of Rs. 1,835 crore in crore in Q4 FY21 crore in Q4 FY21 Q4 FY22 as compared to Rs. 1,644 crore in Q4 FY21 EBITDA Ma
Slide 6: Key Highlights for Q4 FY22
Key Highlights for Q4 FY22 Including Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) Adjustments +7% +17% 232 225 138 1,917 129 1,644 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Excluding Revenue (Rs. crore)^ EBITDA (Rs. crore)* PAT (Rs. crore)* Adjustments +13% +12% 232 232 146 1,835 129 1,644
Slide 7: Key Highlights for FY22
Key Highlights for FY22 Revenue EBITDA 26% Revenue^ of Rs. 6,223 EBITDA* of Rs. 834 crores in FY22 compared to Rs. 677 crore in FY21 23% crore in FY22 as compared to Rs. 4,925 crore in FY21 EBITDA Margin* of 13.4% in FY22 Net Working Capital PAT 77 Days days Net Working Capital of 77 and Debtors of
Slide 8: Key Highlights for FY22
Key Highlights for FY22 Including Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) Adjustments +16% +24% +28% 787 448 6,306 677 362 4,925 FY21 FY22 FY21 FY22 FY21 FY22 Excluding Revenue (Rs. crore)^ EBITDA (Rs. crore)* PAT (Rs. crore)* Adjustments +23% +37% +26% 834 495 6,223 677 4,925 362 FY2
Slide 9: Order Book Details
Order Book Details PNC infratech
Slide 10: Robust Order Book over Rs. 14,600 crores
Robust Order Book over Rs. 14,600 crores ◼ Remaining value of contracts under execution of Rs. 14,663 crore as on 31st Remaining March 2022. Key EPC Projects Under Awarding Value Construction Authority (Rs. Crores) ◼ The below orders are not included in order book as on 31st March 2022: Unnao-Lalgan
Slide 11: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC infratech
Slide 12: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Mar. ‘22 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) SREI, Ghaziabad Aligarh 35%*
Slide 13: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited and other partners/promoters, on 1st April, 21,has entered into 'Share Purchase Agreement’ and other related transaction documents inter alia for sale its entire
Slide 14: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Invested PNC Share of Debt as on 31st % TPC Total Debt Project Authority State / Stretch Kms / Lanes Status Equity Invested Amount Mar. ‘22 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65 65 371
Slide 15: Annexure – I Summary Financials
Annexure – I Summary Financials PNC infratech
Slide 16: Standalone Profitability Statement – Q4 & FY22
Standalone Profitability Statement – Q4 & FY22 Rs. Crores Q4 FY22 Q4 FY21 YoY Growth (%) FY22 FY21 YoY Growth (%) REVENUE^ 1,834.63 1,644.28 12% 6,222.86 4,925.42 26% EBITDA* 232.34 232.36 834.32 676.61 23% EBITDA margin* 12.7% 14.1% 13.4% 13.7% Other Income 8.50 17.07 54.24 71.39 Depreciation 32.07
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Mar-22 Mar-21 EQUITY AND LIABILITIES (Rs. Crores) Mar-22 Mar-21 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 573.73 648.46 (a) Equity Share capital 51.31 51.31 (b) Right to Use Assets 0.00 5.05 (b) Other equity 3,288.91 2,857.16 (c) Capit
Slide 18: Consolidated Profitability Statement – Q4 & FY22
Consolidated Profitability Statement – Q4 & FY22 Rs. Crores Q4 FY22 Q4 FY21 YoY Growth (%) FY22 FY21 YoY Growth (%) REVENUE^ 2,143.34 1,864.27 15% 7,208.04 5,787.57 25% EBITDA* 525.60 419.91 25% 1,701.77 1,421.72 20% EBITDA margin* 24.5% 22.5% 23.6% 24.6% Other Income 21.31 23.55 88.99 107.47 Deprec
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-22 Mar-21 EQUITY AND LIABILITIES (Rs. Crores) Mar-22 Mar-21 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 577.22 652.40 (a) Equity Share capital 51.31 51.31 (b) Right to Use Assets 13.83 5.05 (b) Other equity 3,576.78 3,001.85 (c) Ca
Slide 20: Segmental Revenue Break-up
Segmental Revenue Break-up 426.85 Q4 FY21 230.82 Q4 FY22* 20% 13% 1,491.00 1,716.48 87% 80% EPC EPC Toll/Annuity Toll/Annuity FY21 FY22* 919.49 1,071.35 16% 15% 4,868.08 6,054.00 84% 85% EPC Toll/Annuity EPC Toll/Annuity * - Adjusted for Bonus of Rs. 82.68 crs received in Q4 FY22 PNC infratech 19
Slide 21: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 129 113 97 73 74 77 60 57 62 51 Mar/17 Mar/18 Mar/19 Mar/20 Mar/21 Mar/22 Debtors Net Working Capital PNC infratech 20
Slide 22: Cashflow Statement
Cashflow Statement Standalone Consolidated Rs. Crores Full Year ended 31-Mar-22 Full Year ended 31-Mar-21 Full Year ended 31-Mar-22 Full Year ended 31-Mar-21 Profit before tax 631.43 558.50 806.09 739.88 Adjustments 289.07 140.56 872.87 687.59 Operating Cash flow Before Working Capital Changes 920.4
Slide 23: Annexure – II Company Overview
Annexure – II Company Overview PNC infratech
Slide 24: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, and transmission lines • Executed 78 major
Slide 25: Business Overview
Business Overview Roads & Highways EPC 01 Completed 54 infrastructure road projects on EPC basis Water Supply & Irrigation 07 Roads & Highways BOT / OMT/ HAM Working on EPC projects in Water Supply sector and Irrigation 02 Operating 6 BOT & 2 OMT project, comprising of both Projects toll & annuity a
Slide 26: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Unnao Highways Private Limited (“PNCUHPL”) 4 Laning of Unnao-Lalgani section of NH 232 A on HAM PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora sec
Slide 27: Integrated Business Model
Integrated Business Model Equipment Bank Own Quarries / Raw Material Sourcing ▪ Ownership of a fleet of modern equipment enables quick mobilization ▪ Own / Leasing of Quarries helps in besides ensuring continuous availability securing of raw material and project of critical equipment completion with
Slide 28: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating Working Capital Limits Man and Machine added to execute more projects ✓ Long term bank facilities “CARE AA ✓ Fund Based Limits of Rs. 1,000 crores which will enable us to execute ✓ Strengthening of In-house execution (Double A)” projects without fin
Slide 29: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,267 1,273 1,094 1,016 725 FY18 FY19 FY20 FY21 FY22 Present Capex will enable us to achieve a Turnover of Rs. 8,000-9,000 crores PNC infratech 28
Slide 30: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 8,371 8,334 6,772 FY18 FY19 FY20 FY21 FY22 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC infratech 29
Slide 31: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Delhi Industrialinfra Private Limited. ◼ PNC Rajasthan Highways Private Limited (proposed ◼ MP Highways Private Limited. NCDs) ✓ Long term bank facilities at CARE A; Stable (Single A; ✓ Long term bank facilities at CARE A; Stable Outlook: Stabl
Slide 32: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Managing Director Promoter Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 33: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 34: Clientele
Clientele Delhi State Industrial and Infrastructure Development Corporation Ltd. F <a Uttar Pradé&h State Highways-Authority ay JAK. ENS WRITES THE INFRASTRUCTURE PEOPLE sa AUTHORITY OF INDIA ada fearraers writen MSRDC Opeida pei lopment Acthority State Water & Sanitation Mission rot NAMAMI GANGE AN
Slide 35: Growth Strategy
Growth Strategy Diversification: Competitiveness: ◼ Leveraging Strong Project ◼ Improve performance and Execution track record to diversify competitiveness of existing into new functional areas of business through investments in infrastructure development 04 technology, equipment and skilled ◼ Expan
Slide 36: Contact Us
Contact Us For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance Deputy Head – IR Practice +91-992060